Is Cambria Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cambria Township is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Cambria Township was a Seller's Market.

Key Takeaway

Cambria Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cambria Township, MI

How much do homes in Cambria Township, MI cost?

Median Sold Price

$140,500

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$90,500(-39.2%)

Key Takeaway

Homes in Cambria Township have sold for 39.2% less than they did a year ago.

Summary: The median home sold price in Cambria Township was $140,500 in September 2024, down 39.2% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$119.9K
N/A
2 $147.4K$131.5K
-10.8%
3 $280.5K$203K
-27.6%
4 $350K$48.9K
-86.0%
5+ -$132K
N/A

Summary: Cambria Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes decreased by 86%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hillsdale Township
+13.9%
Hillsdale
+13.9%
Jefferson Township
+6.6%
Osseo
-4.8%
Cambria Township
-39.2%

Housing Supply in Cambria Township, MI

How many homes are available in Cambria Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1218+50.0%

Summary: The Cambria Township real estate market had 18 homes for sale in September 2024, a 50.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 711
+57.1%
4 12
+100.0%
5+ 11
0.0%

Summary: The Cambria Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cambria Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Cambria Township in September 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Cambria Township, MI

How long does it take to sell a home in Cambria Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
48 Days32 Days-33.8%

Summary: Homes in Cambria Township had an average of 32 days on market in Sep 2024, down by 33.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cambria Township has remained consistent over time.

Summary: During September 2024, 1 homes were sold in Cambria Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Cambria Township, MI

Nearby Markets to Cambria Township, MI

What housing markets are near Cambria Township, MI?